The General Agreement on Tariffs and Trade (GATT)___________ .
A) decreases both tariffs and nontariff barriers
B) puts stricter limits on government subsidies
C) eliminates tariffs in ten specific industries
D) protects intellectual property, such as trademarks, patents, and copyright
E) does all of these

Question

The General Agreement on Tariffs and Trade (GATT)___________  .
A) decreases both tariffs and nontariff barriers
B) puts stricter limits on government subsidies
C) eliminates tariffs in ten specific industries
D) protects intellectual property, such as trademarks, patents, and copyright
E) does all of these

Quizplus · Accepted Answer

The General Agreement on Tariffs and Trade (GATT) aimed to decrease both tariffs and nontariff barriers, put stricter limits on government subsidies, eliminate tariffs in ten specific industries, and protect intellectual property, such as trademarks, patents, and copyright. Thus, option E is the correct answer.